Van ECK Associates Corp Sells 201,098 Shares of Archer Daniels Midland Company $ADM

Key Points

• Van ECK sold 201,098 shares of Archer Daniels Midland, cutting its holding by 18.5% to 885,163 shares (about $52.9M), while several large institutions — including Dodge & Cox, Norges Bank and Pacer Advisors — built or greatly increased positions, leaving roughly 78.28% of ADM owned by hedge funds and other institutional investors.
• Wall Street has a consensus rating of "Reduce" with a $58 target; ADM beat quarterly EPS ($0.87 vs. $0.80) but missed revenue, set FY2026 guidance of 3.600–4.250 EPS (analysts expect 4.31), and raised its quarterly dividend to $0.52 (≈3.0% yield).

Van ECK Associates Corp decreased its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 885,163 shares of the company's stock after selling 201,098 shares during the quarter. Van ECK Associates Corp owned about 0.18% of Archer Daniels Midland worth $52,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in shares of Archer Daniels Midland in the 2nd quarter worth about $345,689,000. Norges Bank bought a new position in Archer Daniels Midland in the second quarter worth about $340,247,000. Pacer Advisors Inc. lifted its holdings in Archer Daniels Midland by 8,609.3% in the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company's stock worth $263,180,000 after buying an additional 4,354,844 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Archer Daniels Midland in the third quarter worth about $61,290,000. Finally, Russell Investments Group Ltd. boosted its position in Archer Daniels Midland by 163.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,272,875 shares of the company's stock valued at $76,043,000 after acquiring an additional 789,783 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADM shares. BMO Capital Markets reissued a "market perform" rating and issued a $63.00 target price on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Morgan Stanley lowered shares of Archer Daniels Midland from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. Weiss Ratings restated a "hold (c)" rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Barclays lifted their price objective on Archer Daniels Midland from $61.00 to $68.00 and gave the company an "equal weight" rating in a research note on Thursday, February 19th. Finally, UBS Group reiterated a "buy" rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $58.00.

Insiders Place Their Bets

In related news, SVP Jennifer L. Weber sold 25,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $67.04, for a total value of $1,676,000.00. Following the completion of the sale, the senior vice president owned 123,668 shares of the company's stock, valued at $8,290,702.72. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David R. Mcatee II purchased 7,500 shares of Archer Daniels Midland stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $64.90 per share, with a total value of $486,750.00. Following the transaction, the director directly owned 7,500 shares in the company, valued at approximately $486,750. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.70% of the company's stock.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $69.47 on Wednesday. The firm's 50-day moving average price is $66.08 and its 200-day moving average price is $62.35. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $70.48. The company has a market cap of $33.43 billion, a PE ratio of 31.29, a PEG ratio of 0.91 and a beta of 0.68. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The firm had revenue of $18.56 billion during the quarter, compared to analysts' expectations of $21.03 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm's quarterly revenue was down 13.7% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Archer Daniels Midland's previous quarterly dividend of $0.51. Archer Daniels Midland's payout ratio is currently 93.69%.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM's business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.